If you have bad credit and are looking to consolidate your credit cards and other debts into one low monthly payment then you need a consolidation loan. It is important to get your debt and credit cards paid off as soon as possible. A consolidation loan can help you manage your debt and it will also save you a lot of money interest.When looking for a loan to consolidate all of your debt and with bad credit you need to see what is the best loan for you. If you are a homeowner than getting a equity line of credit is going to be your best option because you can get a low interest rate and you will not need to have good credit.You can also manage your debt by contacting your creditors and negotiating the debt or the interest rate that you owe. Sometimes they are willing to lower the rate so that you will save money over the life of the loan or debt payback.There are many professional companies that are experts in helping you make the right choices when it comes to Debt Consolidation. You should consider using one that will give you free advise and has your best interest in mind.Always remember that you want to get your debt paid off and a consolidation loan is a great way for to consolidate your debt and make one low payment every month. Also remember to get help from a professional who has experience dealing with creditors and loan consolidators.